We're in fiscal trouble.

Started May 3, 2012 | Discussions thread
itchhh
Senior MemberPosts: 6,837
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Hard numbers...
In reply to Chato, May 3, 2012

Is that we cut our revenue. 12 years ago, we were well on our way to completely eliminating the debt.

That's a FACT!

We then cut our revenue, to the lowest point in 80 Years and now wonder why we are in debt.

It's a Complete mystery, with every now and then some right wing commentator saying, "We have to cut Food Stamps, entitlements, building rails and roads; we have to cut education, ad infinitum....

But usually no one bothers to talk about WHY we have this debt in the first place.

So let me repeat this - We cut the revenue.

You're over simplifying the problem Dave. Yes cutting taxes is part of the problem... but only a part. The 2012 budget says Total expense 3,796 Total receipts 2,496. Thats a difference of 34% Spending is a bigger problem than you appear willing to admit

http://www.whitehouse.gov/omb/budget/Historicals

I dunno it looks pretty simple to me. Obama is spending a trillion more than what we bring in each year. We need to ask ourselves where that money is going????

Look at the corp tax rates under Obama. I'd say Obama likes big business

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